I had a payday loan from 2004 and it’s 2009 they are just taking me to court this week. How long do they have after to take you to court. And can a $400 loan go to $5000 becuase of interest? Please help
If a homeowner is using his (mortgage paid) real estate to secure a home equity line of credit but the home is bombed out due to years of neglect and obviously not worth what the homeowner asserts, and the lender hasn’t inspected the inside of the home to see this, should that be considered fraud on the part of the borrower?
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There are a number of different types of student loans. They are all created to help students and parents discover the right choice for their respective situation. The overall cost of both private and public colleges are steadily increasing and students need to find the means for funding their education.
Deciding which student loan, whether a private or federal student loan, is a very important decision. You will eventually be responsible for paying it back, so research all of your options.
What is a Student Loan?
Student loans are educational loans from a lender that are used to pay for tuition and other expenses needed for college. These loans can be for undergraduate degrees, graduate degrees, and specialist programs, such as medical or law school.
The premise behind a student loan is the student loan repayment must start, with interest, to the lender within a certain time frame after graduation. A student loan is a means of helping to pay for the rising tuition fees, and can also be used to purchase computers, books and other educational materials needed by the student.
Types of Student Loans
There are three main types of student loans available, a federal student loan, a private student loan or a parent loan. Two of the most common federal loans used by students are Stafford loans and Perkins loans. What is beneficial behind a federal student loan is that federal laws regulate the interest rates charged for these programs.
A lender has to offer a federal loan at the specified interest rate, which is usually lower than the national interest rate. A federal student loan can also be consolidated after the student graduates, allowing the student loan repayment plan to fall under one large umbrella.
Private student loans are separate from federal loans, and students applying for these don’t have to fill out federal forms. Private lenders offer these loans, making them cost more because there is no legal requirement to stay within a certain interest rate.
Private loans also require a student to submit their credit history, and the interest and fees paid on the student loans are based upon the student’s credit score. Parents may be required to co-sign for a private student loan, making them responsible if the student has to defer payments at any time.
A parent loan, or the Parent Loan for Undergraduate Students (PLUS), is a type of student loan parents apply for to encompass any additional cost their child’s financial aid or student loans won’t cover. PLUS loans, like other federal loans, come with a fixed interest rate.
These loans can also be consolidated, like the Stafford and Perkins loans, and parents are fully responsible for repaying PLUS loans to the lender after they are disbursed.
It is now easier than ever to find the right student loans as you begin to prepare for your collegiate education. You have a number of options, so taking the time to research all of them will benefit you.
Your collegiate financial advisor will provide you with a great deal of advice and direction. The good news is that a student loan will enable you to follow your dreams of pursuing a higher education.
I have been in NC for almost 2 years. I was told payday loans are illegal here. Does that apply to online loans, as well? I hadn’t needed their services, until recently. I had a car accident and need to meet my deductible. I have a slow pay credit history, which I am working on, so traditional methods of lending aren’t availiable to me. Any information would help.
Sell and Rent Back
im looking for some financial company who will give me a loan without paying fees upfront.i live in ireland and im a homeowner,every loan i applied for they wanted me to send them money first which defeats the purpose.so any help will be great,
Quick House Sale
I wanna get a on-line payday loan, but I am trying to find a place that will send the money to Western Union, instead of direct deposit into my account. I need money today…..not tomorrow. Does anyone know what a good website is that offers Western Union??? Thanks!
Rent Back Fast
Don’t know where to find help. My son who is developmentally disabled was conned into signing mortgage papers on four homes totaling over $1 million. He had great credit but was only making a little over minimum wage in a warehouse job when he answered an ad in a Chicago newspaper saying he could make money by helping other people with poor credit get housing. He was naive enough to believe this. Now all four homes are in foreclosure and we have nowhere to turn. We live near Chicago.How could they give loans to someone making so little money? Does anyone know where to go for help? He’s been served with papers. We are retired and cannot help him much.
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I found a house that is $15,900, mostly in need of cosmetic help. I am and have been paying rent with my student loans, but I’m curious if I am allowed to use my student loans to pay for the house as a cash payment.
I know your not aloud to use them as a down payments, or so I’ve been told, but if the entire thing is payed for with one student loan is that ok? Over the time period of my schooling I would actually be using less loan money than if I stayed @ my current place w/rent.
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